Famous crypto analyst and trader Bluntz, who is closely followed for his accurate predictions, claims that Solana (SOL) and Chainlink (LINK), an altcoin based on the Ethereum (ETH) platform, will be the top-performing altcoins in the next bull cycle due to a significant reason.
Analyst’s Focus on SOL and LINK
Anonymous crypto analyst Bluntz stated that the recent rallies of SOL and LINK demonstrate that these two altcoins will outperform other altcoins based on historical data. In his assessment, the analyst stated:
It seems that SOL and LINK are currently the best-performing altcoins among all the majors. In my experience, the early runners tend to continue performing better throughout the bull market. Naturally, people chase after other altcoins, thinking they missed the train or are late. I have done this from time to time as well, but the next LINK and SOL will remain LINK and SOL.
Attention to Ethereum through the ETH/BTC Trading Pair
Bluntz also discussed Ethereum (ETH) against Bitcoin (BTC) and predicted the beginning of an upward trend based on various indicators, including a bullish breakout on the ETH/BTC chart, including a bullish engulfing candlestick pattern. Investors attach importance to the engulfing candlestick formation as it indicates a reversal from a downtrend to an uptrend. The analyst commented on the ETH/BTC trading pair:
ETH not only made a weekly close with an engulfing candlestick formation but also confirmed a weekly bullish breakout. When you combine this with the first test of the 200-week Moving Average (MA) on ETH/BTC, it appears to be preparing for a nice upward movement. After a prolonged downtrend that seemed to have finally ended, this indicates a very pleasant change.
The rise of the ETH/BTC trading pair implies that the largest altcoin, ETH, could outperform the largest cryptocurrency, BTC. ETH/BTC is currently trading at 0.0511 BTC (1,753 dollars) at the time of writing this article.
